Companies have welcomed a US-Chinese trade truce as a possible step toward breaking a deadlock in a 15-month-old tariff war, while economists caution there was little progress toward settling core disputes including technology that threaten global growth. President Donald Trump said Washington will suspend a tariff hike planned for Tuesday on USD 250 billion of Chinese goods.
In exchange, Trump said China agreed to buy as much as USD 50 billion of American farm goods. Details of other possible agreements weren't immediately released.
" Negative for Bullion"